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TECHNOLOGY OVERSIGHT
SoftBank posts $7 billion quarterly loss as AI investment risks mountSoftBank Group reported a $7 billion quarterly loss, reversing last year's profit, as volatile AI investments weighed on earnings. Its $64....- AI could eliminate up to 70% of manual risk tasks in banks, free capacity for strategic roles: McKinseyMcKinsey said banks could reinvest half of the capacity released through automation into stronger analytical capabilities, strategic risk a...
- Kiss your wife goodnight: Donald Trump says he threatened to arrest unnamed top AI executiveUS President Donald Trump revealed he issued a serious threat to an unnamed AI executive regarding security issues. After receiving intelli...
- AI demand unlikely to be derailed by Nvidia CEO controversy: Taiwan supply chain executivesGlobal demand for artificial intelligence (AI) is expected to remain strong despite the controversy surrounding Nvidia Chief Executive Offi...
- Companies need to overhaul cybersecurity as AI accelerates vulnerability attacks: ReportCompanies will need to fundamentally overhaul their cybersecurity strategies and increase investments in automated threat detection and vul...
- UK plans facial recognition surveillance to identify visa overstayers and immigration offendersThe UK government is set to broaden the application of live facial recognition technology to detect immigration violations across various v...
- 'Such a sad thing to watch!': Trump blames Democrats for sharp US stock market decline after midterm election victoriesUS President Donald Trump linked the recent decline in the stock market to Democratic victories in the midterm elections. He mentioned that...
- China blocks SoftBank's $5.4 billion acquisition of ABB RoboticsChina has blocked SoftBank’s $5.4 billion acquisition of ABB’s robotics business, disrupting the Japanese group’s AI-powered robotics expan...
- AI Team of the Year: How high-performing AI teams are driving business innovationThe success of AI adoption significantly hinges on the expertise of the professionals implementing these technologies. Teams that blend tec...
- Hong Kong stocks jump 3%, China shares edge higher as tech stocks rallyHong Kong stocks rallied sharply, led by technology and gold shares, as investors welcomed the US midterm election outcome. Alibaba and Ten...
- Midterm results may slow US visa curbs, but no quick relief likely for ITThe opposition party’s takeover of both chambers of US Congress is expected to bring greater scrutiny of the administration’s policy decisi...
- AI data center stocks dip, renewables surge after Democrat sweep in US midterm electionsThe Democratic sweep, which included victories in traditional Republican strongholds and key data-center hubs Texas and Georgia, will usher...
- AI data center stocks dip, renewables surge after Democrat sweep in US midterm electionsAI data centre stocks declined while renewable energy and healthcare shares rallied after Democrats won control of Congress in the US midte...
- European shares rise as banks, clean energy stocks rally; Novo Nordisk jumpsEuropean shares advanced after Democrats secured both chambers of the US Congress, lifting investor sentiment. Banks and clean-energy stock...
- Nikkei slides to 3-month low as AI stocks tumble on US election jittersJapan's Nikkei index took a hit as AI-driven stocks plummeted following the aftermath of the US elections, raising alarms over potential De...
- Human control must set limits on superintelligence, says OpenAI's Sam AltmanOpenAI Chief Executive Officer Sam Altman has said that human control over the future must remain a fundamental condition for artificial in...
- US midterms put Trump-era crypto boom and prediction markets at riskThe US midterm elections could threaten the crypto friendly regulatory environment created under President Donald Trump. A potential Democr...
- China to expand global access to yuan assets, promote Hong Kong as offshore hubChina plans to expand global access to yuan-denominated assets and strengthen Hong Kong's role as an offshore yuan hub. Meanwhile, regulato...
- HCLTech launches AI agents to automate enterprise mainframe operationsHCLTech has introduced an innovative AI-driven operations solution designed to help companies upgrade their mainframe systems. This advance...
- Pope Leo warns AI agents are 'tools, not persons'The debate over the risks of the technology has intensified in recent months, fuelled by several incidents of systems taking unauthorized a...
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